Bankruptcy Exemptions in Bedford

Need Debt Relief?

In a
Chapter 7 bankruptcy, non-exempt property is turned over to the court for sale and
distribution to creditors. A person filing bankruptcy must choose between
the federal and the state schedules. Our state has some of the most generous
exemptions in the nation. Personal property is exempt up to $60,000 for
a family and $30,000 for a single person.

Why You Need A Lawyer To Help You File Bankruptcy

Filing for bankruptcy can be a complex and difficult action. You will need
the guidance of an experienced Bedford bankruptcy attorney. At the Law
Office of Mark B. French, we know that, typically,
bankruptcy is not the result of reckless spending, but of financial hardship and
unexpected expenses.

We have more than 25 years of experience and the qualifications to help
our clients through difficult financial situations, including the following:

Our founding attorney is AV® Rated by Martindale-Hubbell® and received
the Martindale-Hubbell® Client Distinction Award in 2012.

He is Avvo rated and was selected for inclusion in the
Super Lawyers® list in 2007 and 2008.

He has been Board Certified as a consumer bankruptcy specialist for more
than 10 years.

Property That Is Exempt From Bankruptcy In Texas

The types of property exempt and subject to the dollar limits stated above include:

Home furnishings

A 2, 3, or 4-wheeled vehicle for each member of the family who has a driver's
license or who is non-licensed but relies on another individual to operate
the vehicle

Jewelry, not to exceed 25% of the aggregate limitations

2 firearms

Farming or ranching vehicles or implements

Sports and athletic equipment, including bicycles

Clothing

Provisions for consumption

Certain items, such as alimony and child support, are exempt with no dollar
limit. The types of property not exempt in a bankruptcy include:

Real estate other than the homestead

Cash on hand or in checking or savings accounts or CDs, savings bonds, etc.

Stocks and bonds not in retirement accounts

Ownership interest in a business

We have been helping clients with bankruptcies since 1987, and you can
trust in the representation we provide. Our firm represents debtors and
creditors in business and consumer cases.

For strong representation to help you navigate debt relief and credit restoration,
contact us.

The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual
case or situation. This information is not intended to create, and receipt
or viewing does not constitute, an attorney-client relationship.